CAIRO – Economic experts said Saturday that the Fuel Automatic Pricing Committee (FAPC)’s decision to keep fuel price unchangeable comes in the implementation of President Abdel Fattah El Sisi’s directives to alleviate the burden on the citizens and supports the economic development plans, especially the industrial sector, in addition to helping control inflation rates.
Speaking to MENA, experts noted that the decision shows the government’s support to the economic sectors and its keenness to follow flexible policies while dealing with global economic developments.
According to them, the decision had positive impact in preventing a hike in the prices of transportation, which affect the prices of goods and commodities.
Earlier this day, FAPC decided to keep the price of a liter of 80-octane gasoline at EGP 8, a liter of 92-octane at EGP 9.25, and a liter of 95-octane at EGP 10.75.
The price of diesel and kerosine will also remain unchangeable at EGP 7.25 per liter.
